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Rama Hakru Meda

#progressive#challenger
Rama wishes to hold his harvest as they prepare for the upcoming sowing season.

Agripreneur

Jhabua, Madhya Pradesh

35,000 Loan is fully repaid

195 potential days of livelihood i


Rama is a hard working farmer. Toiling hard for the past months , he had been hoping to sell his harvest at a reasonable price.However, with the supply lines disrupted, he has been struggling to sell off the produce. To avoid distress selling, he has decided to hold their produce at a FPO until the market stabilizes and a fair price is obtained. However, his immediate cash needs still remain unmet. Rama lives with a family of three and is from Jhabua, Madhya Pradesh. The loan amount will help him receive the much needed cash to help meet the expenses incurred in purchase of input products for the Kharif season.

I wish to expand my agriculture activity.

About Rama Hakru Meda's livelihood

Rama is an agripreneur who works 6 hours a day for 5 days a week. With this loan Rama will potentially obtain employment for 195 days.

The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges.

Investee
pays i

0.0% flat p.a.

0.0% APR

Social
Investor i

0.0%

0.0% APR

Impact
Partner i

up to 0.0%

0.0% APR

Platform
charges i

0.0%

0.0% APR

The following section provides a detailed view of the investee loan requirement.

Loan
amount

35,000

Loan
tenure

9 months

Moratorium

None

Repayment
mode

Flexible repayments i

Investee
occupation

Farming

i :

B

Rang De Credit Rating A B C
What it means Low Risk Medium Risk High Risk

The rating is derived from the following data points.

Credit
bureau
score i

 

A

Rang De confidence score

 i


B


Partner
Rating i

B

Loan
Profile i

B

Financial
Profile i

A

Action for Social Advancement

Madhya Pradesh
Partner since 2020

About

ASA works on leveraging the participatory action of the community to bring about positive developmental changes. While they extensively support agriculture and allied activities like small agri businesses, they also work in the field of watershed management and irrigation development.

Impact Narrative

Rang De's interest free loans have been designed to enable small and marginal farmers to access storage for their produce and to meet their expenses for the Kharif season.

Rs 65,72,900

Disbursed

175

Investees

99%

Repayments

During a time of disruption and distress caused by the Covid-19 pandemic, Rang De's loans have been accessible, affordable and above all, timely.

- Ashis Mondal, Director, ASA

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